What are the disadvantages of a sofi checking and savings account?

Though the SoFi Checking and Savings account offers numerous advantages, there are some disadvantages to consider, such as foreign transaction fees, limited overdraft protection and a lack of bank branches. No bank branches: SoFi is an online bank with no branch access.

What are the benefits of a sofi checking and savings account?

The SoFi Checking and Savings account offers several advantages, such as ATM withdrawals and no monthly maintenance fees or minimum balance requirements. Limited fees: SoFi Checking and Savings accounts offer money-saving features, including no monthly maintenance, overdraft or minimum balance fees. There’s no minimum balance requirement.

Does Sofi charge a fee?

The SoFi Checking and Savings account doesn't charge any account fees or service charges. It doesn't even charge a fee when you use an out-of-network ATM, but you will be subject to a third-party fee from the ATM ow ner.